Brendan Burgess
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I will study it in full later, but the summary is interesting. Probably best to look at the last line 2012 -2017
Effective tax rates in Ireland
www.esri.ie
The marginal tax rate on labour is very high here, which is an indicator of how narrow out tax base is.There is not much surprising in this. Ireland tax corporate profits and personal income lower than elsewhere. Consumption taxes are high (VAT, VRT, excise).
High consumption taxes are a policy choice and is one of the reasons that consumer prices are high compared to elsewhere. A small market and lack of competition in certain sectors is another.
Consumption taxes include indirect taxes. The Excel sheet gives them as "Consumption ETR including indirect taxes". We have very few (no water charges, extremely low property taxes etc) so that brings it down.I expected bigger difference on consumption taxes.
Consumption taxes include indirect taxes. The Excel sheet gives them as "Consumption ETR including indirect taxes". We have very few (no water charges, extremely low property taxes etc) so that brings it down.
Good point on water charges.Property taxes would affect it, hadn't considered that.
On the other hand, we have a lot of indirect taxes on vehicles, fuel, alcohol.
Water charges wouldn't be a tax though would they... part of the reason it turned out so messy?
Unless you mean in other countries indirect taxation funds it?
For comparison, I don't think electricity prices would be included, but maybe PSO levies would be? And insurance levies?
I expected bigger difference on consumption taxes.
" Effective tax rate" is an oxymoron add in PRSI and USC and that becomes the "Effective tax rate" .
Its up there with our GDP is reduced by 20% due to tax repatriation by multi nationals , most multi national companies don't do repatriation anymore as the tax code at home is higher, I know Trump tried to get the US ones to cough up, a few did, but our CT receipts rose
Maybe quoted in the article but on our form 11 not included. ERSI aren't the revenue and its the revenue that matters.USC is an income tax, and of course is included in the analysis.
Social contributions are also measured in the article.
The thread is about an ESRI report. Surely what's in the report is what matters?...Maybe quoted in the article but on our form 11 not included. ERSI aren't the revenue and its the revenue that matters.